Mortgage Pre-Approval
Why a pre-approval is essential for success
In today’s dynamic real estate market, securing a mortgage pre-approval isn’t just a preliminary step—it’s a strategic move that sets the foundation for success. At Better Mortgage Select, we go beyond the basics, ensuring our clients—whether seasoned investors, first-time buyers, or those seeking a hands-on approach—are fully prepared to navigate the complexities of mortgage financing with confidence.
What is a mortgage pre-approval?
A mortgage pre-approval is a thorough assessment of your financial position by a mortgage professional. Unlike a simple pre-qualification, which is often based on estimates, a pre-approval involves a detailed analysis of your finances, including:
- How much you can borrow.
- What interest rate you qualify for.
- Your readiness to secure a mortgage based on lender criteria.
With a pre-approval from Better Mortgage Select, you’ll typically receive a rate hold for up to 120 days, allowing you to shop with confidence, knowing your financing is secure.
Why is a pre-approval critical?
For real estate investors:
- Knowing your borrowing power in advance allows you to make strategic investment decisions and scale your portfolio effectively.
- A pre-approval provides certainty when bidding on properties, giving you a competitive edge in a fast-moving market.
- It allows us to tailor financing strategies to maximize your leverage and optimize cash flow.
For first-time buyers:
- Understanding your budget helps focus your home search and eliminates uncertainty.
- Sellers and real estate agents take pre-approved buyers more seriously, especially in competitive markets.
- A pre-approval provides rate protection, shielding you from interest rate hikes while you shop.
For clients who want expertise, not a call centre:
- You receive hands-on guidance from an experienced mortgage professional, not just a standard checklist.
- We ensure your financing strategy is personalized to your unique goals, whether that’s securing the best rates or structuring a mortgage that aligns with your long-term financial plans.
- Our proactive approach means we’re anticipating your needs before you even ask, making your mortgage journey seamless and stress-free.
How Better Mortgage Select makes a difference
Not all pre-approvals are created equal, and that’s where our expertise stands out.
Investor-focused strategies
We specialize in structuring mortgages that work for investment properties, ensuring you have the right financing solutions to scale efficiently.
Elite-level expertise
With just our management team alone accounting for 80+ years of combined mortgage experience, our award-winning team understands the nuances of lender requirements and how to position your application for success.
Access to multiple lenders
Unlike banks that offer limited products, we shop the market to find the best solutions tailored to your needs.
Fast & proactive support
We know that real estate moves fast, and so do we. Our team works around the clock to ensure you never miss an opportunity.
The Better Mortgage Select pre-approval process
Our tailored process ensures you’re not just pre-approved, but strategically positioned for success:
1. Consultation & financial assessment
We take the time to understand your investment goals, financial profile, and long-term plans.
2. Document review & submission
Our team ensures all necessary paperwork is in order, minimizing delays and maximizing your borrowing potential.
3. Customized mortgage solutions
Leveraging our extensive lender network, we identify the best financing options to meet your needs.
3. Rate lock & market readiness
With your rate secured for up to 120 days, you can confidently pursue the right property or investment without rate hike concerns.
Documents you’ll need for a pre-approval
Identification
Government-issued ID (driver’s license, passport, etc.)
Income verification
- Employees: Employment letters, recent pay stubs and T4s for the past two years.
- Self-Employed: T1 Generals and Notice of Assessments (NOAs) for the last two years.
- Real Estate Investors: T1 Generals, lease agreements, mortgage statements, and rental income proof.
- Retired: Pension deposit statements and recent NOAs.
Asset verification
- Bank statements (last 3 months).
- Investment account statements (RRSPs, TFSAs, etc.).
- Proof of down payment funds from savings, sales, or gifts.
How to begin your pre-approval
Starting with Better Mortgage Select is simple:
- Use our Mortgage Calculator to estimate your borrowing power.
- Complete our Online Mortgage Application to get started.
- Schedule a consultation with our expert team for personalized guidance.
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
– Warren Buffett
Planning ahead with a solid pre-approval ensures you have the financial foundation to grow and succeed in real estate.
Ready to finance with confidence?
From pre-approval to purchase, we guide you with expert strategy
every step of the way.
Secure your future with Better Mortgage Select
A mortgage pre-approval is more than just a number—it’s a strategic tool for making informed, confident decisions in real estate.
Whether you’re an investor looking to expand your portfolio, a first-time buyer navigating the market, or a client seeking an expert, high-touch mortgage experience,
Better Mortgage Select is here to guide you every step of the way.
Take the first step today. Connect with one of our award-winning mortgage specialists and
experience the difference of working with a team that’s built for investors, buyers, and serious homeowners.